SOMFY - Annual financial report 2018

08 PARENT COMPANY FINANCIAL STATEMENTS

WRITEDOWN OF NON-CURRENT ASSETS NOTE 6.3

Amount at 31/12/17

Charges Reversals used

Reversals unused

Merger movements

Other movements

Amount at 31/12/18

€ thousands

Writedown provisions on financial assets

32,321

1,724

-1,200

-465

–

–

32,380

32,321

1,724

-1,200

-465

–

–

32,380

ANALYSIS OF MATURITY OF RECEIVABLES NOTE 7 — € thousands

Total amount Less than 1 year More than 1 year

Non-current receivables Receivables from equity investments

33,629

29,254

4,375 1,294 7,228

Other financial assets

1,294 8,656

–

Bonds

1,427

Current receivables Trade receivables

1,205

1,205

–

Miscellaneous receivables

70,055

69,430

625

Prepaid expenses and translation adjustment

7,721

7,721

–

122,560

109,038

13,522

Miscellaneous receivables mainly comprise €28,001 thousand of intragroup current accounts, primarily originating from the implementation of cash pooling at Group level, as well as receivables on the disposal of CIAT totalling €9,652 thousand.

DEFERRED INCOME AND OTHER RECEIVABLES NOTE 8 — € thousands Dividends

–

Accrued interest on cash accounts Trade receivables, invoices to be issued

74

198

Government, tax and duties

30,675 10,918

Other (incl. CIAT)

The balance of the item “Government, tax and duties” includes the reimbursements expected from the settlement of income tax, tax credits not yet allocated and applications for tax rebates pending reimbursement.

ASSET TRANSLATION ADJUSTMENTS IN FOREIGN CURRENCY-DENOMINATED DEBTS NOTE 9 AND RECEIVABLES — Asset side impact € thousands Total

Provision for liability

Bonds

5,481 2,203

5,481 2,203

Receivables from equity investments

Miscellaneous receivables

18

18

Financial debts

–

–

7,701

7,701

133

SOMFY – ANNUAL FINANCIAL REPORT 2018